Thread: Realtime Forex Daily Market Comment

Friday October 21, 2005




EUR-USD


1.2024. It should trade lower to 1.1922. Resistances are at 1.1999 and 1.2025. A break of 1.205 is bullish.confirmed by a close above 1.2099 limit.


USD-CHF


1.2876. It might hold above 1.2873 or 1.2835 for a rise towards above 1.2952. Stop loss below 1.2835 zone.


USD-JPY


115.31. Our preferred outlook is for a drift down to 115.12 or below 114.94. Resistances are at 115.31 and 115.45. A rise above 115.63 would delay but not abort this expected fall.


GBP-USD


1.7745. Currently uptrend should end around 1.7820 - 1.7799 area. A correction down to below 1.7644 is expected. A rise above 1.7852 will abort the expected correction.


EUR-CHF


1.5481. We prefer to see an attempt to below 1.5457 or below 1.5432 in extension. A clear break of 1.5508 is bullish.


EUR-JPY


138.65. It looks set for gains to above 138.86. Supports at 138.36 and 138.46. A break of 138.25 will damage this bullish structure.


EUR-GBP


0.6776. Current fall is near an end of wave around 0.6740 - 0.6765 zone, a rally should then procede to above 0.6789 or 0.6798. Fall below 0.6739 would cancel this scenario.


AUD-USD


0.7528. Currently uptrend should end around 0.7550 - 0.7549 area. A correction down to below 0.7498 is expected. A rise above 0.7569 will abort the expected correction.


USD-CAD


1.1783. It should be subject to more sell off towards 1.1729 or 1.1676. Corrective upward swings should face resistance around 1.1847 area. A break of 1.18315 is bullish.



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Monday October 31, 2005




EUR-USD


1.2067. While above 1.2058 - 1.2021 zone a corrective dip could test 1.2095 or 1.2119 or 1.2142. After which it should resume his downtrend.


USD-CHF


1.2803. It may attempt a test higher to 1.2816 after which weakness may set it to a drift down to below 1.2723 limit.


USD-JPY


115.67. It should test 116.23 area after which a sell off down to 115.28 or extended to 114.88 area is expected.


GBP-USD


1.7743. While below 1.7778 - 1.7801 it might drop to 1.7696 or below 1.7650 zone.


EUR-CHF


1.5452. Market should hold major support at 1.5421 before rising towards 1.5468 or even 1.5485 limit.


EUR-JPY


139.57. Market should pop up towards 140.05 or 140.53 this bullish scenario would be damaged if 139.42 - 139.15 zone is broken, a severe break down could then occur.


EUR-GBP


0.6801. Decline should be supported around 0.6787 - 0.6773 zone for rally to above 0.6839. A clear break of 0.6773 will damage this expected rally.


AUD-USD


0.7497. Market should meet resistance at 0.7522. We expect then an extended move down to 0.7490 -0.7422 area.


USD-CAD


1.1778. Current rise seems to be over near 1.1786 or 1.1817 for a retracement towards 1.1754 - 1.1735 area.





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Tuesday October 11, 2005




EUR-USD


1.2067. Market should pop up towards 1.2133 or 1.2200 this bullish scenario would be damaged if 1.2013 - 1.2008 zone is broken, a severe break down could then occur.


USD-CHF


1.2832. Strength can extend to 1.2852 or even higher than 1.2885 as declines are expected to find support at 1.2791 or 1.2764. A fall below 1.2697 could turn it bearish.


USD-JPY


114.10. Current upmove should continue up to 114.41 or 114.72. Any correction should find support in 113.98 - 113.83 zone.


GBP-USD


1.7564. It may meet resistance in 1.7564 - 1.7571 zone for a drift down to 1.7543 zone, after which bounce to 1.7599 is anticipated.


EUR-CHF


1.5484. Decline should be supported around 1.5473 - 1.5461 zone for rally to above 1.5525. A clear break of 1.5461 will damage this expected rally.


EUR-JPY


137.67. There is bearish potential for a fall to 137.39 while 137.82 - 137.96 resist. After this fall a recovery up to 137.96 or 138.10 is expected.


EUR-GBP


0.6870. Our preferred outlook is for a drift down to 0.6859 or below 0.6849. Resistances are at 0.6870 and 0.6880. A rise above 0.6890 would delay but not abort this expected fall.


AUD-USD


0.7591. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7600 or 0.7630 if support around 0.7586 hold. After which a pullback to 0.7586 - 0.7577 zone is possible.


USD-CAD


1.1761. It should test 1.1784 area after which a sell off down to 1.1733 or extended to 1.1704 area is expected.





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Wednesday October 12, 2005




EUR-USD


1.1993. Current fall is near an end of wave around 1.1917 - 1.1932 zone, a rally should then procede to above 1.2033 or 1.2052. Fall below 1.1916 would cancel this scenario.


USD-CHF


1.2897. A correction down to 1.2841 or lower is now expected from 1.2909 or 1.2936. A break above 1.2976 is needed to turn bullish.


USD-JPY


114.55. Uptrend is still intact in a triangle configuration. It should continue to rally to 114.70 or 115.14 if support around 114.33 hold. After which a pullback to 114.33 - 114.19 zone is possible.


GBP-USD


1.7464. Current fall is near an end of wave around 1.7381 - 1.7386 zone, a rally should then procede to above 1.7514 or 1.7538. Fall below 1.7368 would cancel this scenario.


EUR-CHF


1.5468. It should be subject to more weakness towards 1.5459. After which a correction to above 1.5484 is anticipated. A break of 1.545 is bearish.


EUR-JPY


137.37. Current fall is near an end of wave around 136.80 - 137.33 zone, a rally should then procede to above 137.57 or 137.76. Fall below 136.62 would cancel this scenario.


EUR-GBP


0.6867. One more dip to 0.6856 is likely followed by a grind higher to above 0.6875. After which it can resume his downtrend.


AUD-USD


0.7524. Market should meet resistance at 0.7542. We expect then an extended move down to 0.7505 -0.7471 area.


USD-CAD


1.1761. It is a triangle configuration. Market should break either side. Acceleration should occur above 1.1820 or under 1.1740 limits.




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Tuesday November 1, 2005
EUR-USD

1.1991. It should register further gains to 1.2064 while 1.1943 caps downside attempts. Stop loss below 1.1895 zone.

USD-CHF

1.2887. While below 1.2949 it is more likely to fall further towards 1.2835 or 1.2804. Premature rise above 1.2949 could see it rising above 1.3010 zone.

USD-JPY

116.40. Current rise seems to be over near 116.44 or 116.73 for a retracement towards 116.14 - 115.97 area.

GBP-USD

1.7698. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.7679 or 1.7639. Major support is clustered around 1.7597 limit.

EUR-CHF

1.5453. Preferred outlook is for a drift down to below 1.5426. Resistances are at 1.5453 and 1.5457. A rise above 1.5471 would delay but not abort this expected fall.

EUR-JPY

139.59. It is likely to attempt to below 139.06 while below 139.59 - 139.59 area. Rise above 139.86 would dampen this bearish expectation.

EUR-GBP

0.6775. Current fall is near an end of wave around 0.6754 - 0.6757 zone, a rally should then procede to above 0.6789 or 0.6797. Fall below 0.6743 would cancel this scenario.

AUD-USD

0.7481. Current fall is near an end of wave around 0.7438 - 0.7455 zone, a rally should then procede to above 0.7502 or 0.7514. Fall below 0.7432 would cancel this scenario.

USD-CAD

1.1822. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1837 or 1.1902 if support around 1.1796 hold. After which a pullback to 1.1796 - 1.1776 zone is possible.


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Thursday October 13, 2005




EUR-USD


1.2024. It may attempt a test higher to 1.2038 after which weakness may set it to a drift down to below 1.1968 limit.


USD-CHF


1.2873. While below 1.2854 or 1.2886 it could fall towards below 1.2772. Rise above 1.2911 could activate some bullish pattern.


USD-JPY


114.38. Decline should be supported around 114.17 - 113.96 zone for rally to above 114.96. A clear break of 113.96 will damage this expected rally.


GBP-USD


1.7516. It should trade higher to 1.7580 or above 1.7644 in extention. Supports at 1.7454 and 1.7486. Stop loss below 1.7422 zone


EUR-CHF


1.5479. It should be subject to more sell off towards 1.5465 or 1.5452. Corrective upward swings should face resistance around 1.5489 area. A break of 1.5494 is bullish.


EUR-JPY


137.53. It may attempt a test higher to 137.63 after which weakness may set it to a drift down to below 137.15 limit.


EUR-GBP


0.6865. One more dip to 0.6855 is likely followed by a grind higher to above 0.6871. After which it can resume his downtrend.


AUD-USD


0.7548. It should test 0.7575 area after which a sell off down to 0.7514 or extended to 0.7480 area is expected.


USD-CAD


1.1707. Market should meet resistance at 1.1724. We expect then an extended move down to 1.1686 -1.1656 area.




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Monday October 3, 2005




EUR-USD


1.2021. While below 1.2036 - 1.2056 it might drop to 1.1981 or below 1.1942 zone.


USD-CHF


1.2942. It looks set for gains to above 1.2996. Supports at 1.2898 and 1.2925. A break of 1.2871 will damage this bullish structure.


USD-JPY


113.49. Current rise seems to be over near 113.59 or 113.81 for a retracement towards 113.36 - 113.21 area.


GBP-USD


1.7643. It is a triangle configuration . Market should break either side.Acceleration should occur above 1.7732 or under 1.7566 limits.


EUR-CHF


1.5559. It should be subject to more sell off towards 1.5532 or 1.5505. Corrective upward swings should face resistance around 1.5565 area. A break of 1.55965 is bullish.


EUR-JPY


136.43. Strength can extend to 136.64 or even higher than 136.86 as declines are expected to find support at 136.20 or 135.98. A fall below 135.53 could turn it bearish.


EUR-GBP


0.6814. Decline should be supported around 0.6802 - 0.6791 zone for rally to above 0.6851. A clear break of 0.6791 will damage this expected rally.


AUD-USD


0.7623. Current upmove should be ended around 0.7649 - 0.7675. Any correction consolidation should find support in 0.7617 - 0.7604 zone.


USD-CAD


1.1624.It should see a sell off to below 1.1561 while 1.1651 area curtails its upside. A break beyond 1.1713 will abort the downside.





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Friday October 14, 2005




EUR-USD


1.2026. It should trade higher to 1.2071 or above 1.2117 in extention. Supports at 1.1970 and 1.1993. Stop loss below 1.1947 zone


USD-CHF


1.2892. Resistances lie around 1.2956 and 1.3081. It should test lower towards 1.2830 zone. A clear break of 1.2795 would be bearish.


USD-JPY


114.50. While below 114.6 or 114.8 it could fall towards below 114.11 or 113.72. After which a corrective/consolidation activity is expected.


GBP-USD


1.7567. It should trade higher to 1.7614 while 1.7528 or 1.7505 offers support. Stop loss below 1.7482 zone.


EUR-CHF


1.5503. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5522 or 1.5560 if support around 1.5496 hold. After which a pullback to 1.5496 - 1.5482 zone is possible.


EUR-JPY


137.70. Difficult to predict the next move. If first down it should hold 137.34 or 137.22 to 137.95. If first up it should face resistance in 137.70 - 137.95 zone to 137.22 zone


EUR-GBP


0.6845. It should test 0.6846 area after which a sell off down to 0.6821 or extended to 0.6798 area is expected.


AUD-USD


0.7505. It is likely to fall towards 0.7412 unless a corrective rally breaks the 0.7532 resistance. Stop above 0.7555 zone.


USD-CAD


1.1833. Current rise seems to be over near 1.1841 or 1.1887 for a retracement towards 1.1795 - 1.1768 area.





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Monday October 24, 2005




EUR-USD


1.1949. There is bearish potential for a fall to 1.1892 while 1.1985 - 1.2014 resist. After this fall a recovery up to 1.2014 or 1.2042 is expected.


USD-CHF


1.2923. It may attempt a test higher to 1.2942 after which weakness may set it to a drift down to below 1.2831 limit.


USD-JPY


115.89. It should trade higher to 116.26 while 115.61 or 115.43 offers support. Stop loss below 115.25 zone.


GBP-USD


1.7675. Current move should be supported in 1.7657 zone for a rise to above 1.7864. A break below 1.7544 opens the way down.


EUR-CHF


1.5445. It may meet resistance in 1.5445 - 1.5453 zone for a drift down to 1.5422 zone, after which bounce to 1.5464 is anticipated.


EUR-JPY


138.51. It looks more likely that it would rise to above 138.82 or 138.99 from 138.41 or 138.18. After which a downside move to below 137.84 is expected.


EUR-GBP


0.6761. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.6754 or 0.6747. Major support is clustered around 0.6737 limit.


AUD-USD


0.7483. There is bearish potential for a fall to 0.7455 while 0.7499 - 0.7514 resist. After this fall a recovery up to 0.7514 or 0.7528 is expected.


USD-CAD


1.1877. Current rise seems to be over near 1.1881 or 1.1926 for a retracement towards 1.1835 - 1.1811 area.



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Tuesday October 4, 2005




EUR-USD


1.1918. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1872 or 1.1869. Major support is clustered around 1.1820 limit.


USD-CHF


1.3016. Currently uptrend should end around 1.3051 - 1.3065 area. A correction down to below 1.2945 is expected. A rise above 1.3114 will abort the expected correction.


USD-JPY


114.14. Current upmove should be ended around 114.55 - 114.96. Any correction consolidation should find support in 113.96 - 113.76 zone.


GBP-USD


1.7548. It should register further gains to 1.7615 while 1.7500 caps downside attempts. Stop loss below 1.7453 zone.


EUR-CHF


1.5512. We prefer to see an attempt to below 1.5493 or below 1.5473 in extension. A clear break of 1.5536 is bullish.


EUR-JPY


136.02. While below 136.22 or 136.39 it could fall towards below 135.69 or 135.36. After which a corrective/consolidation activity is expected.


EUR-GBP


0.6791. Market should pop up towards 0.6817 or 0.6844 this bullish scenario would be damaged if 0.6773 - 0.6768 zone is broken, a severe break down could then occur.


AUD-USD


0.7628. Market looks set for gains towards 0.7645 or above in extension. Dips should find support at 0.7617 - 0.7609 zone.


USD-CAD


1.1658. It should test 1.1681 area after which a sell off down to 1.1629 or extended to 1.1599 area is expected.





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